Finance Basics For Managers

DON’T LET YOUR FEAR OF FINANCE GET IN THE WAY OF YOUR SUCCESS Can you prepare a breakeven analysis? Do you know the difference between an income statement and a balance sheet? Or understand why a business that’s profitable can still go belly-up? Has your grasp of your company’s numbers helped—or hurt—your career? Whether you’re new to finance or you just need a refresher, this go-to guide will give you the tools and confidence you need to master the fundamentals, as all good managers must. The HBR Guide to Finance Basics for Managers will help you: • Learn the language of finance • Compare your firm’s financials with rivals’ • Shift your team’s focus from revenues to profits • Assess your vulnerability to industry downturns • Use financial data to defend budget requests • Invest smartly through cost/benefit analysis